The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1887-04-12
COMMERCIAL.
HONOLULU, 4PRTL y, 1857.

HONOLULU, APRIL u, 1857.
Business has not improved to any extent
during the week. The retailers still complain
of lack of trade.
On Saturday Messrs. E. P. Adams & Co.
sold by order Of the Marshal, the Hawaiian
bark kalakaua, her tackle, apparel, and an
inventory of stores, i'll one lot, for $1,000.
The bidding was spirited until $3.50 was
reached, when Nh. John Bowler jumped into
the breach with $4,000 and the vessel was
knocked down to him.
The rumor relating TO the probable closing
of the American Refinery, San Francisco, Is
unfounded-the original stockholders still
retaining control, and intend to run 1t as
usual. Some few shares of stock held by
outside parties were disposed of, which prob
ably gave rise to the rumor the that the
Refinery would soon close its career OF use
fulness.
slight rise in sugar in the San Francisco
market is noticed, and the markets OF the
world display more firmness than formerly,
which would seem to indicate slight rise in
sugar in the near future. Below is appended
Messrs. Williams. Dimond Il Co.'s Circular
per Australia:
SUGAR-The following changes have taken
Mace IN the prices OF the local refneries: On the
4th inst ali grades OF refined were reduced &c.
per IT,. and on the 18th the price Of yelows was
advanced per 10. since iQaL cate l0ere mas
been no further change The American Refinery
have been shipping the greater portion OF their
second grade raw sugars East, but the Inter
state Commerce Bill which takes effect next
month will put stop 10 rail shipments, which
VIII have 10 20 per Pacific Mail 5. ). Co. or via
Cape Horn.
The American Refinery have chartered the Am.
ship E. 3. Sutton of lT5S tons register 10 take q
full cargo of raw sugar 10 New York.
The following changes have taken place in the
Cuba basis since our last circular. March Sd,
132c; 18th, Size, and 25th, slice, for 96o test
This shows an improvement IN the prices of
raw sugars in New York. The general situation
seems a little more encouraging than month
ago. Prices of beets have also advanced from
los Cd on the 18th February TO lis, the London
quotations of yesterday. The first two weeks in
the month, both the New York and foreign mar
kets ruled dull, and prices declined, but later
buyers found ii necessary 10 enter the market
for fresh purchases.
With 4 Trm London market, and holders show
ing no disposition TO make concessions, an ad-
vance was established in New York, and fair
amount of business transacted on the basis of
SIC for So test centrifugRls and 9-i6 for S9o
test Muscovadoes For the past two weeks this
improvement has been fully maintained.
Our latest mail adyices OF the 18th inst. quote
the New York market quiet and steady. Melt
incs of regners continue large, but as they have
received liberal supplies by direct importation,
the purchasers OF spot stock IN first hands have
Cuba continues 10 show a strong feeling which
is assisted by the backwardncsS OF the crop and
the moderate offerings that are available.
The statistical position has improved. Accord
ing 20 Willett i Hamlin's adTices of the 18th
inst receipts 10 that date were 1896 tons under
last year, while MEETINGS were o,o1O tons larger
than last year. Home consumption was 1900
tons over last year, or 60 per cent. Stocks
had decreased and on above dates were only pa
900 tons over last year. European markets have
shown more firmness. Total stocks in principal
countries by the latest dates were ,3A, 904 tons
against ,292, AIS tons the previous year. The
United Kingdom stocks were l07,5OS IONS under
last year.
The Russian Government have agreed TO take
pay for beet taxes in sugar, and not export any
sugar until after October LIST, unless prices ad-
vance 25 per cent. This affects supplies OF the
United Kingdom TO 4 considerable extent.
Our latest telegraphic advlces of yesterday
quote value of Cuba centrifugals go test, 316c.
New York market strong and advancing. Con-
Prospects good. London same date, beets So
test lis. Beet sowings about the same as last
European and foreign uerkets steady. Cuba
strong. Crop 100000 TONS!
Appended is the quarterly return of the
Collector General of Customs for the quarter
ending March 81. It will be noticed there is
a slight falling off IN the sugar shipments
this quarter as against the first quarter of
1886. but this can readily be account
ed for by the immense quantities of rain
and stormy weather which prevailed
early this year, which retarded sugar ship
ments 10 a considerable extent. 1t is thought
by those competent to judge that the total
output of sugar this year will fully equal last
years crop.